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LONDON - iShares Digital Assets AG has issued a third tranche of 1.13 million securities for its bitcoin exchange-traded product (ETP), bringing the total number of securities in the series to 61.53 million, according to a final terms document published Wednesday.
The new tranche of the iShares Bitcoin ETP will begin trading on the London Stock Exchange on Thursday, October 23, under the ticker IB1T. The securities were issued at a price of $11.00 each.
The bitcoin ETP, which tracks the performance of bitcoin, carries a total expense ratio (TER) of 0.25% per annum. However, a partial fee waiver will apply until December 31, 2025, during which time the TER will be reduced to 0.15% per annum.
The securities are backed by bitcoin held in custody by Coinbase Custody International Limited, with each security initially representing 0.0001 bitcoin. The cryptoasset entitlement per security decreases daily as the expense ratio is applied.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited are serving as authorized participants for the ETP, facilitating the creation and redemption of securities.
This latest issuance follows the original launch of the iShares Bitcoin ETP in March 2025, representing BlackRock’s continued expansion in the digital asset space. The product allows investors to gain exposure to bitcoin without directly holding the cryptocurrency.
The announcement comes as UK regulators have recently opened the door to retail investors accessing cryptoasset products, following the FCA’s Conduct of Business (Cryptoasset Products) Instrument 2025 that came into force on October 8, 2025.
The information is based on a press release statement from iShares Digital Assets AG.
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